Lululemon Athletica Inc. (NASDAQ:LULU) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $78.50 and last traded at $77.36, with a volume of 550,987 shares. The stock had previously closed at $77.58.

Several research analysts recently commented on the stock. Robert W. Baird reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Tuesday, June 28th. Cowen and Company reaffirmed an “outperform” rating and issued a $76.00 target price on shares of Lululemon Athletica in a research note on Thursday, May 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $74.00 target price (up from $71.00) on shares of Lululemon Athletica in a research note on Thursday, June 9th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Lululemon Athletica in a research note on Tuesday, June 7th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Lululemon Athletica in a research note on Wednesday, June 8th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. Lululemon Athletica has an average rating of “Buy” and a consensus target price of $70.33.

The stock has a 50 day moving average price of $73.37 and a 200 day moving average price of $65.02. The company has a market capitalization of $10.57 billion and a P/E ratio of 40.94.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Wednesday, June 8th. The apparel retailer reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.01. During the same quarter last year, the business posted $0.34 EPS. The business earned $495.50 million during the quarter, compared to the consensus estimate of $487.68 million. Lululemon Athletica’s revenue for the quarter was up 17.0% compared to the same quarter last year. Analysts anticipate that Lululemon Athletica Inc. will post $2.14 EPS for the current year.

Other large investors recently modified their holdings of the company. Pitcairn Co. increased its stake in shares of Lululemon Athletica by 34.0% in the fourth quarter. Pitcairn Co. now owns 19,164 shares of the apparel retailer’s stock valued at $1,006,000 after buying an additional 4,862 shares during the period. State of New Jersey Common Pension Fund D increased its position in Lululemon Athletica by 20.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 58,000 shares of the apparel retailer’s stock worth $3,043,000 after buying an additional 10,000 shares during the last quarter. Andra AP fonden increased its position in Lululemon Athletica by 53.8% in the fourth quarter. Andra AP fonden now owns 22,300 shares of the apparel retailer’s stock worth $1,170,000 after buying an additional 7,800 shares during the last quarter. Manitou Investment Management Ltd. increased its position in Lululemon Athletica by 38.3% in the fourth quarter. Manitou Investment Management Ltd. now owns 213,887 shares of the apparel retailer’s stock worth $11,223,000 after buying an additional 59,246 shares during the last quarter. Finally, Dai Ichi Life Insurance CO. LTD. acquired a new position in Lululemon Athletica during the fourth quarter worth approximately $1,071,000.

Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.

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